Category: Economy

  • MIL-OSI Canada: Jasper wildfire response and recovery report: Joint Statement

    Source: Government of Canada regional news (2)

    MIL OSI Canada News

  • MIL-OSI USA: Acting Chairman Caroline D. Pham Statement on Crypto Week and Digital Asset Legislation

    Source: US Commodity Futures Trading Commission

    WASHIGNTON, D.C. – Commodity Futures Trading Commission Acting Chairman Caroline D. Pham today praised the passage of digital asset legislation by the House of Representatives.
    “This week marks a significant milestone in the Trump Administration’s commitment to embrace the promise of digital assets and make America the crypto capital of the world. The GENIUS Act, which is now headed to the President’s desk, will open a new chapter in financial services. The House also took an important step forward in advancing the CLARITY Act, a long-awaited framework for the regulation of digital asset markets.
    “Under President Trump’s strong leadership and clear vision, Crypto Week is the beginning of America’s golden age of digital asset innovation. The CFTC stands ready to fulfill our mission and oversee our markets that enable U.S. economic growth and competitiveness. The future is bright.
    “Congratulations to House Agriculture Committee Chairman GT Thompson and Senate Agriculture Committee Chairman John Boozman, as well as Senate Banking Committee Chairman Tim Scott, House Financial Services Committee Chairman French Hill, Senators Bill Hagerty and Cynthia Lummis, Representatives Bryan Steil and Dusty Johnson, and Speaker Mike Johnson, Majority Leader Steve Scalise, Majority Whip Tom Emmer, Majority Leader John Thune, their staffs and all who played a role in making this week possible.”

    MIL OSI USA News

  • MIL-OSI Security: Man Pleads Guilty to Fraudulently Arranging Utility Services for Thousands of Chicago-Area Properties

    Source: US FBI

    CHICAGO — A man who fraudulently arranged for more than $5 million in utility services to be provided to two thousand Chicago-area properties has pleaded guilty to a federal fraud charge.

    DAVID W. BROWN admitted in a plea agreement that he offered to arrange electricity and natural gas services for residential and commercial properties in the Chicago area in return for a fee.  After finding property owners and tenants willing to pay him, Brown opened new accounts for utility services at their addresses, knowing that neither he nor the purported customer intended to pay for it, the plea agreement states.  Brown knew it would typically take 90 days to several months for the utility companies to disconnect service for lack of payment, allowing the addresses to receive free services for significant periods of time. 

    Brown opened the accounts using false customer names and identifying information to deceive the service providers and avoid financial responsibility, the plea agreement states.  Once a utility company initiated the process to terminate, Brown fraudulently continued the service by opening new accounts in the names of different false customers at the same address, the plea agreement states.

    Brown typically received payments ranging from $50 to $150 every few months from the property owners and tenants who received the services, the plea agreement states.  In total, Brown admitted in the plea agreement that from 2017 to 2024, he caused utility companies to fraudulently provide more than $5 million in services to more than two thousand residential and commercial properties in the Chicago area.

    Brown, 55, of Chicago, pleaded guilty on Tuesday to a federal wire fraud charge.  The conviction is punishable by up to 20 years in federal prison.  U.S. District Judge LaShonda A. Hunt set sentencing for Oct. 15, 2025.

    The guilty plea was announced by Andrew S. Boutros, United States Attorney for the Northern District of Illinois, and Douglas S. DePodesta, Special Agent-in-Charge of the Chicago Field Office of the FBI.  The government is represented by Assistant U.S. Attorney Rick D. Young.

    MIL Security OSI

  • MIL-OSI Russia: China introduces new measures to encourage reinvestment by foreign-funded companies

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

    Source: People’s Republic of China – State Council News

    BEIJING, July 18 (Xinhua) — China has introduced new measures to encourage reinvestment by foreign-funded enterprises, according to a circular jointly issued by seven government bodies including the National Development and Reform Commission (NDRC).

    According to the circular, the measures cover a wide range of areas, including improving the quality of project support services, simplifying the procedure for setting up new enterprises with reinvestment, and introducing innovative financial products and services.

    These efforts are aimed at helping foreign-funded companies expand their presence and achieve long-term development in the Chinese market, the SCRR said.

    The circular clarifies the scope of the incentive measures and sets out requirements for launching pilot programs for reporting investment information of foreign-invested companies, strengthening information sharing among departments and improving assessment methods to encourage foreign investment. –0–

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News

  • MIL-OSI Russia: The State Financial Supervision Administration has promised to step up support for China’s economic growth.

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

    Source: People’s Republic of China – State Council News

    BEIJING, July 18 (Xinhua) — China’s National Financial Supervision Administration on Friday vowed to strengthen support for economic growth and help the country achieve its annual economic and social development targets.

    As noted in a statement published on the department’s website, the government will strengthen financial support for high-quality urban development and the implementation of initiatives to stimulate consumption.

    The statement noted that measures will also be taken to strengthen support for effective investment and financing, improve financial services to stabilize business and foreign trade, and strengthen support for the development of new-quality productive forces.

    The State Administration also called for coordinated work to prevent risks, strengthen regulation and promote high-quality development, as well as effectively prevent and address risks in key sectors. –0–

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News

  • MIL-OSI: DOT Miners launches new XRP and DOGE cloud mining channels to promote multi-currency income

    Source: GlobeNewswire (MIL-OSI)

    London, UK, July 18, 2025 (GLOBE NEWSWIRE) — DOT Miners, the world’s leading cloud mining platform, announced today that it has officially launched a dual-currency income channel supporting XRP and DOGE, providing platform users with more flexible and diverse income options. This move is an important part of DOT Miners’ continued deepening of multi-currency computing power services, aiming to help users achieve more robust asset appreciation in the current volatile market.

    New channel opened: support for mainstream currencies, balancing stability and potential
    As XRP approaches its historical high of $3.40 again, and DOGE continues to be active with community support, the market demand for these two popular assets continues to grow. DOT Miners has opened exclusive channels for XRP and DOGE. Users can directly participate in mining and obtain daily income through the platform without converting assets. All income is automatically settled on a daily basis and can be withdrawn at any time.

    The technical director of the platform said:

    “XRP and DOGE have a huge holding base and extremely high community popularity. We have customized cloud mining channels for these two currencies for users, combined with the platform’s original BTC, ETH, LTC and other currencies, to further enrich users’ diversified investment paths.”

    Three Simple Steps to Start Your Cloud Mining Journey

    1. Choose DOT Miners: Whether you are new to digital assets or an experienced investor, a small investment is all it takes to start earning daily income.
    2. Register an Account: Visit the official website www.dotminers.com to register an account and receive a $15 registration bonus to begin your mining journey.
    3. Select a Mining Plan: DOT Miners offers a variety of tailored mining contracts to meet different investment needs and budgets, ensuring flexibility and accessibility for users worldwide.

    Some are the examples of the contract:

    Novice Miner
    Investment: $100 | Cycle: 2 days | Daily income: $3.5 | Expiration income: $100+$7

    Starter Miner
    Investment: $500 | Cycle: 7 days | Daily income: $6 | Expiration income: $500+$42

    Pro Miner
    Investment: $3,100 | Cycle: 20 days | Daily income: $42.47 | Expiration income: $3,100+$849.4

    Pro Miner
    Investment: $5,100 | Cycle: 33 days | Daily income: $74.46 | Expiration income: $5,100+$2457.18

    Prime Miner
    Investment: $10,000 | Period: 40 days | Daily income: $155 | Expiration income: $10,000+$6200

    Prime Miner
    Investment: $28000 | Period: 45 days | Daily income: $498.4 | Expiration income: $28,000+$22428

    Quantum Miner
    Investment: $150,000 | Period: 45 days | Daily income: $3000 | Expiration income: $150,000+$135000

    All income is settled daily, and users can withdraw or reinvest freely once their account balance reaches $100, offering full transparency and efficiency.

    Why More Investors Are Choosing DOT Miners

    • Global Compliance: The platform is registered in the UK, operates under strict financial regulations, and supports full transparency and auditing.
    • Zero Threshold Entry: No mining hardware or technical knowledge required—start earning with just a few simple clicks.
    • Green Energy Support: Data centers located in Northern Europe and Africa are powered by 100% renewable energy, ensuring environmental sustainability.
    • Multi-Currency Payment: Supports major cryptocurrencies such as USDT, BTC, ETH, BNB, XRP, SOL, etc., offering flexible and convenient funding options.
    • Strong Backing: Supported by strategic investment from mining giant Bitmain, DOT Miners has a solid foundation and continuous development momentum.
    • Advanced Security: Comprehensive asset protection with Cloudflare security, EV SSL encryption, and multi-factor authentication.

    About DOT Miners

    DOT Miners is a UK-headquartered technology investment company specializing in Bitcoin cloud mining services. The platform has served users in more than 100 countries and is dedicated to promoting the adoption of blockchain infrastructure through technological and financial innovation.

    DOT Miners also actively participates in charitable initiatives, supporting global financial education and digital inclusion projects to help more people understand and access the world of cryptocurrencies.

    Learn more at: www.dotminers.com

    Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or a trading recommendation. Cryptocurrency mining and staking involve risks and may result in loss of funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.

    The MIL Network

  • MIL-OSI: XRP and DOGE have polarized trends, BJMINING cloud mining has attracted attention

    Source: GlobeNewswire (MIL-OSI)

    Washington, D.C, July 18, 2025 (GLOBE NEWSWIRE) — The cryptocurrency market continues to show divergent momentum as XRP and DOGE headline July’s trading activity. XRP, backed by its strong presence in cross-border payment systems, has seen stable consolidation around the $3.47 mark after a recent breakout above $3.50. Meanwhile, DOGE faces short-term correction pressure, though community support and institutional interest remain strong.

    In this evolving environment, BJMINING, a global leader in decentralized cloud mining, has officially launched a new mining solution tailored for XRP and DOGE holders, offering a hands-free way to earn daily returns on crypto assets without active trading or technical setup.

    BJMINING Launches New Cloud Mining Offering for XRP and DOGE Users

    Headquartered in the UK and trusted by over 5 million users globally, BJMINING announced today the launch of a dedicated mining contract system that allows XRP and DOGE holders to activate cloud mining operations for BTC, DOGE, and more – using XRP deposits.

    This move comes as more investors seek passive income solutions in a volatile market. The new offering enables users to recharge XRP or DOGE directly into their BJMINING accounts, which the platform then converts into computing power used in its global, AI-powered mining infrastructure. In return, users earn automated daily mining rewards, credited every 24 hours.

    “We designed this launch to empower token holders with predictable income streams in an unpredictable market,” said a BJMINING spokesperson. “With zero technical barriers and no need to manage hardware, anyone can now access institutional-grade mining.”

    Key Highlights of BJMINING’s New Offering:

    • $15 Welcome Bonus: New users receive a registration bonus and start earning immediately.
    •  No Hardware Needed: Mining is fully cloud-based with dynamic AI-powered resource allocation.
    • Multi-Crypto Support: Recharge using XRP, DOGE, BTC, ETH, and more.
    • Green Mining Infrastructure: Uses wind and solar energy via global data centers.
    • 24/7 Support & Security: Protected by McAfee and Cloudflare, with round-the-clock technical support.
    • Transparent Returns: Fixed-term contracts with clear terms, no hidden fees, and full principal return at maturity.

    A New Path for XRP and DOGE Investors

    With XRP acting as a bridge to traditional finance and DOGE thriving on community momentum, BJMINING’s new service gives both types of holders a practical way to grow their assets—without needing to predict market swings or engage in speculative trading.

    Users can begin in just three steps:

    1. Register on the official BJMINING website.
    2. Recharge using XRP or DOGE and choose a contract.
    3. Receive daily income, automatically credited to your account.

    Contract profit example (applicable to XRP/DOGE/BTC deposit users)

    All contracts take effect with one click, and daily profits are automatically settled. Users can enjoy passive income without any operation.

    Setting the Standard for Transparent Cloud Mining

    As the crypto industry matures, BJMINING’s emphasis on security, sustainability, and user-friendly design positions it as a key player in the cloud mining space. The platform’s commitment to ongoing innovation and risk management makes it a timely solution for both new and seasoned investors.

    “Whether you’re holding XRP for the long haul or trading DOGE for short-term gains, BJMINING gives you a simple way to earn—every day,” the company added.

    Start Earning Today

    As XRP and DOGE enter a pivotal moment, BJMINING offers a stable and automated alternative for investors looking to maximize returns without complexity.

    For more details, please visit the official website: https://bjmining.com
    Contact email: info@bjmining.com

    APP download: https://bjmining.com/xml/index.html#/app

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    The MIL Network

  • MIL-OSI USA: Newhouse Votes to Boost Nuclear Energy, Achieve Energy Dominance

    Source: United States House of Representatives – Congressman Dan Newhouse (4th District of Washington)

    Headline: Newhouse Votes to Boost Nuclear Energy, Achieve Energy Dominance

    WASHINGTON, D.C. – Today, Rep. Dan Newhouse (WA-04) released the following statement upon committee passage of the Fiscal Year 2026 Energy and Water Development and Related Agencies Appropriations Act.  

    “The United States is at a critical point regarding the future of domestic energy production, and this legislation makes clear the prominent role nuclear energy and small modular reactors will play as we work to become truly energy dominant,” said Rep. Newhouse.  

    Newhouse continues“It also makes new investments into the Office of Science, which supports the mission at PNNL, and delivers the necessary resources to the Army Corps of Engineers to manage and maintain our critical hydroelectric dams. While there are further changes and funding increases that I would like to see in this legislation, specifically for Hanford and for PNNL, it serves as a strong starting point as we prepare to work with the Senate to support our nation’s energy needs.” 

    The Energy and Water Development and Related Agencies Appropriations Bill provides a total discretionary allocation of $57.300 billion, which is $766.4 million below the Fiscal Year 2025 enacted level. The defense portion of the allocation is $33.223 billion, and the non-defense portion of the allocation is $24.077 billion. 

    The bill prioritizes funding for agencies and programs that safeguard U.S. national security, unleash American energy dominance, and advance economic competitiveness.

    American Energy 

    • Supports one of the largest investments focused on mining production technologies 
      for critical minerals extraction in decades, reducing reliance on foreign sources.
    • Robustly funds small modular reactor and advanced reactor demonstration projects, as well as increases funding for the Nuclear Regulatory Commission to expand capacity for the review, licensing, and oversight of new nuclear reactors.
    • Facilitates the efficient transport of goods and commodities through improvements 
      and maintenance of America’s ports and waterways.
    • Increases investments to develop new baseload geothermal energy sources to capitalize on our vast domestic resources.
    • Maintains funding for cybersecurity efforts that enable a resilient, reliable, and secure electric grid.

    Nuclear Deterrent and National Security

    • Provides $20.662 billion for the continued modernization of the nuclear weapons 
      stockpile and infrastructure.
    • Provides $2.171 billion to support the U.S. Navy’s nuclear fleet by investing in 
      infrastructure and new technologies to maintain America’s advantage over our adversaries.
    • Provides $1.984 billion to reduce the danger of hostile nations or terrorist groups acquiring nuclear weapons.
    • Prohibits the sale of crude oil from the Strategic Petroleum Reserve to the Chinese Communist Party.
    • Prohibits access to U.S. nuclear weapons production facilities by citizens of China and Russia.
    • Prohibits the Department of Energy from providing financial assistance to any foreign entity of concern.
    • Prohibits the purchase of technology and telecommunications equipment from China and other adversaries.

    Bill text before amendments can be found here. 

    ### 

    MIL OSI USA News

  • MIL-OSI Europe: Minister Burke signs Regulations to give effect to EU Directive on cutting red tape and simplifying the obligations on business in relation to corporate sustainability reporting

    Source: Government of Ireland – Department of Jobs Enterprise and Innovation

    The Minister for Enterprise, Tourism and Employment, Peter Burke, has signed a Statutory Instrument to give legal effect in Ireland to the EU’s “Stop the Clock” Directive on Corporate Sustainability Reporting. These Regulations will provide much-needed legal certainty to Irish business, and will ensure that the original Corporate Sustainability Reporting Directive (CSRD) will not apply to so-called Wave 2 and Wave 3 companies for a further two years respectively, while the European Commission’s Omnibus proposal is being negotiated and agreed.

    Minister Burke remains strongly supportive of the Simplification and Burden Reduction agenda at EU level, which has led the Commission to introduce a number of Omnibus Directives – these are Directives which propose to simplify multiple regulatory regimes through one combined legislative instrument.

    In late February, the European Commission announced a number of changes to the scope and timing of both the CSRD and the Corporate Sustainability Due Diligence Directive (CSDDD) requirements for certain categories of companies, as part of the Commission’s First Omnibus Directive on Sustainability.

    The proposals by the Commission will remove approximately 80% of companies from the scope of CSRD, focusing the sustainability reporting obligations on the largest companies which are more likely to have the biggest impacts on people and the environment. For large companies, who are the main category currently within scope of CSRD, the Omnibus proposal would restrict the application of the requirements to only those companies having 1,000 employees, as opposed to 250 employees under the current law. The proposed changes will also ensure that sustainability reporting requirements on large companies do not burden smaller companies in their value chains.

    Further, the CSRD aspect of the “Stop the Clock” Directive, which is being transposed into Irish law in this Statutory Instrument, will also postpone by two years the reporting requirements for companies currently in the scope of the original CSRD and which would have been required to report for the first time in 2026 or 2027.

    The Regulations also make some technical clarifications to the existing Irish legislation governing CSRD, to further clarify and reduce the scope of companies covered. These Regulations will thereby deliver legal certainty for business at all levels in Ireland.

    Minister Burke said:

    “I ensured that Ireland transposed the original CSRD Directive, on time, in July of last year, and Ireland was one of a small number of Member States to achieve this by the required deadline. I have also supported the European Commission’s simplification agenda, and in particular I have supported the early adoption of the Stop the Clock Directive, to give businesses in Ireland the legal certainty that they need, at the earliest opportunity.

    The Stop the Clock Directive moved at a very fast pace at EU level. It was initially proposed at the end of February, and was adopted by Member States one month later, at the end of March. It was approved by the European Parliament with a massive majority. I am very happy that it is now becoming law in Ireland in early July, and that Irish companies will have the certainty that they need at this point.

    I have said before that, while the core principle of the EU’s original corporate sustainability reporting regime was well-founded, in the context of the EU’s Green Deal, I recognise that the level of administrative burden associated with the original CSRD was excessive, both for large companies and especially for small and medium companies.

    I continue to strongly support the simplification and burden reduction agenda at European level, to maximise the competitiveness of businesses in Ireland and in the EU, in the evolving global trading environment. These proposed changes will significantly help enterprise in Ireland, and most of all our SMEs.”

    ENDS

    Notes for Editors 

    The Corporate Sustainability Reporting Directive (EU) 2022/2464 (CSRD) was the EU’s response to the global reframing of company reporting to include environmental, social and governance matters. It entered into force in January 2023 and arises from the European Green Deal and the EU Action Plan for Financing Sustainable Growth. The aim of the CSRD was to harmonise the EU rules for sustainability reporting by companies and to put this on the same footing as financial reporting, giving investors and other stakeholders access to information to assess investment risks arising from climate change and other sustainability issues. 

    The CSRD was transposed, on time, in Ireland on 5 July 2024 by S.I. No. 336/2024 – European Union (Corporate Sustainability Reporting) Regulations 2024. A small number of technical clarificatory amendments were required, and the Minister signed a short amending instrument on 1 October 2024, S.I. 498/2024.

    The Corporate Sustainability Due Diligence Directive (EU) 2024/1760 (CSDDD) places legal obligations on companies within scope to address the adverse environmental and human rights impacts arising from their operations. Companies must conduct risk-based human rights and environmental due diligence to identify actual or potential adverse impacts and prevent / mitigate / minimise the extent of such impacts. Companies are also required to adopt a climate transition plan.

    The Stop the Clock Directive (Directive EU 2025/794) was published in the Official Journal of the EU on 14 April 2025. It postpones by two years the entry into scope of CSRD reporting requirements for so-called Wave 2 and Wave 3 companies, for two years respectively, to 2027 and 2028, while negotiations are progressing at EU level to agree substantive changes to the scope of CSRD and CSDDD, under the main Omnibus proposal, which is expected to be agreed by end 2025. The Stop the Clock Directive has a required transposition date by Member States of 31 December 2025.

    For further information please contact Press Office, Department of Enterprise, Tourism and Employment, press.office@enterprise.gov.ie or (01) 631-2200

    MIL OSI Europe News

  • MIL-OSI: Beyond Holding: PFMCrypto Launches Zero-Hardware XRP Liquidity Cloud Mining with Daily Rewards

    Source: GlobeNewswire (MIL-OSI)

    New York, NY, July 18, 2025 (GLOBE NEWSWIRE) — As the crypto market heats up and XRP edges toward the $2.3 milestone, PFMCrypto is redefining how everyday users and professionals earn mining rewards. The company has officially launched “XRP Liquidity Mining”, the world’s first AI-powered multi-asset cloud mining vault, enabling users to mine multiple cryptocurrencies simultaneously—while dynamically reallocating computing power to maximize real-time returns.
    Now live on both web and mobile platforms, this innovative service offers a fully automated crypto earnings strategy that mines XRP, BTC, DOGE, ETH, and other major assets. No hardware, technical setup, or prior experience is required—users can get started with just $10 and begin receiving stable daily payouts from day one.

    Why XRP Liquidity Mining Is a Game-Changer for Passive Crypto Income?
    Unlike traditional mining models that lock users into a single coin or fixed contract, PFMCrypto’s Liquidity Mining is powered by its proprietary AI engine, AURA. This intelligent system continuously analyzes key variables such as asset price, mining difficulty, network demand, and energy costs—automatically reallocating resources to the most profitable cryptocurrencies in real time.
    “Liquidity Mining is like putting your crypto earnings on autopilot,” said PFMCrypto’s CEO. “Whether XRP is surging or Bitcoin’s network adjusts, our system instantly adapts—ensuring your capital is always working at peak efficiency.”

    Key Features of PFMCrypto’s XRP Liquidity Mining:
    –  Multi-Asset Mining: A single deposit mines XRP, BTC, DOGE, ETH, and more.
    –  AI Revenue Optimization: Smart resource allocation for maximum daily yield.
    –  Low Entry Barrier: Start with just $10 (plus a $10 welcome bonus for new users).
    –  Stable Daily Returns: Earnings paid in stablecoins or your preferred crypto.
    –  Fully Cloud-Based: No mining rigs, no noise, no heat—100% remote access.
    –  Institutional-Grade Security: Multi-layer custody infrastructure to safeguard user assets.

    Investor Demand Surges as XRP Momentum Builds
    Ripple’s recent $125 million settlement with the U.S. SEC has revived investor confidence in XRP’s long-term prospects. Analysts are now forecasting a 95% likelihood of an XRP ETF approval by early Q4—potentially unlocking billions in institutional capital.
    “PFMCrypto’s XRP Liquidity Mining couldn’t be better timed,” said the company’s Chief Market Strategist. “This offering provides diversified exposure and stable income—without the volatility of direct trading.”

    Sample Liquidity Mining Plans:
    $100 Plan – 2-Day Term – Earn $3.00 per day (plus $2 bonus)
    $1,000 Plan – 9-Day Term – Earn $13.10 per day
    $5,000 Plan – 30-Day Term – Earn $78.50 per day
    $10,000 Plan – 40-Day Term – Earn $180.00 per day
    All contracts guarantee full principal return upon maturity, and users may withdraw profits instantly at any time—providing maximum flexibility with minimal risk.

    Trusted by Over 9.2 Million Users in 192 Countries
    Since its founding in 2018, PFMCrypto has earned a reputation for delivering high-performance, transparent mining solutions. Today, its platform supports over 9.2 million users globally, offering both beginners and institutions access to secure, AI-optimized passive income streams.

    Get Started with Liquidity Mining in 3 Simple Steps:
    1.  Sign Up – Create an account and receive a $10 welcome bonus.
    2.  Choose a Mining Plan – Select your preferred term and budget
    3.  Start Earning Daily – Sit back as PFMCrypto’s AI engine mines for you

    About PFMCrypto
    PFMCrypto is a global pioneer in AI-powered cloud mining and decentralized finance solutions. Founded in 2018, the platform enables remote mining for XRP, BTC, ETH, DOGE, LTC, and SOL—offering high-yield, low-risk opportunities for users across 192 countries.

    Start your smarter mining journey today: https://pfmcrypto.net

    The MIL Network

  • MIL-OSI: EverCommerce Announces Date of Second Quarter 2025 Earnings Call

    Source: GlobeNewswire (MIL-OSI)

    DENVER, July 18, 2025 (GLOBE NEWSWIRE) — EverCommerce Inc. (NASDAQ: EVCM), a leading provider of SaaS solutions for service SMBs, will report its second quarter 2025 financial results after the U.S. financial markets close on Thursday, August 6, 2025.

    Management will host a conference call on Wednesday, August 6 at 5:00 p.m. Eastern Time / 3:00 p.m. Mountain Time to discuss the Company’s financial results and provide a business update. Please visit the “Investor Relations” page of the Company’s website (https://investors.evercommerce.com/) for both telephonic and webcast access to this call; a replay will be archived on the website as well.

    About EverCommerce

    EverCommerce (Nasdaq: EVCM) is a leading service commerce platform, providing vertically-tailored, integrated SaaS solutions that help more than 725,000 global service-based businesses accelerate growth, streamline operations, and increase retention. Its modern digital and mobile applications create predictable, informed, and convenient experiences between customers and their service professionals. With its EverPro, EverHealth, and EverWell brands specializing in Home, Health, and Wellness service industries, EverCommerce provides end-to-end business management software, embedded payment acceptance, marketing technology, and customer experience applications. Learn more at EverCommerce.com.

    Investor Contact:
    Brad Korch
    SVP and Head of Investor Relations
    720-796-7664
    ir@evercommerce.com

    Press Contact:
    Jeanne Trogan
    VP of Corporate Communications
    512-705-1293
    press@evercommerce.com

    The MIL Network

  • MIL-OSI USA: The One Big Beautiful Bill Delivers Tax Relief, Family Affordability, Healthcare Security, and Economic Growth for Montana

    Source: US Congressman Ryan Zinke (Western Montana)

    Congressman Zinke voted to pass the Big Beautiful Bill after successfully leading an effort to remove public land sales from the legislation

    Washington, D.C – On July 3rd, Western Montana Congressman Ryan Zinke voted to pass the One Big Beautiful Bill (OBBB), a historic piece of legislation delivering major wins for Montana families, workers, seniors, and small businesses. The bill was signed into law by President Donald Trump on July 4th, cementing expanded tax relief, protection for critical healthcare and food security programs, strengthened border security, and a growth economy for Montanans and all American citizens. 

    “From protecting Montana jobs to increasing take-home pay and supporting small businesses, the One Big Beautiful Bill will deliver real results for Montana,” said Zinke. “This bill not only prevented the largest tax hike in American history but expanded tax relief for Social Security recipients, overtime earners, and tipped service industry workers. It reflects the core American promise: if you work hard, you should get what you earn. This legislation keeps that promise, while also reaffirming our support for those who need it most.”

    Key Wins for Montana in the OBBB:

    Wage Growth – Due to legislative provisions and tax cuts in the bill, wages in Montana will rise by an inflation-adjusted amount of $3,400 to $6,100 over the next four years.

    Take Home Pay – A typical family with two children can expect $7,000 to $9,900 more in take-home pay with the OBBB in place.

    Jobs Protected – The bill helps safeguard 22,000 full-time Montana jobs that would have been at risk if previous tax cuts were allowed to expire.

    No Taxes on Social Security – With new deductions, the average Montana senior will pay zero taxes on their Social Security benefits, delivering tax relief to over 200,000 seniors in the state.

    No Taxes on Overtime – Roughly 24% of Montana workers regularly work overtime and will see real benefits in their paychecks. As much as 64% of Montana workers are eligible for this relief.

    No Taxes on Tips – About 4% of Montana’s labor force work in tipped industries and will see direct tax relief.

    Death Tax Relief – The bill extends higher estate tax exemptions, protecting Montana’s family farms, ranches, and small businesses from being unfairly taxed at death.

    No Sale of Public Lands – Congressman Ryan Zinke was successful in stripping a provision selling more than 450,000 acres of public land from the “One Big Beautiful Bill Act”.  

    Protecting Healthcare Access and Food Security for Rural and Vulnerable Montanans:

    No Cuts to Medicare – The OBBB does not touch Medicare benefits. Not a single dollar is cut from services seniors rely on.

    Strengthening Medicaid and SNAP– The bill protects Medicaid and SNAP for pregnant women, children, seniors, people with disabilities, and low-income families. By removing illegal aliens from the rolls and requiring able bodied adults to work part time to receive benefits, it eliminates pathways for fraud and abuse, ensures only eligible Americans receive coverage, and strengthens the system for the truly vulnerable, not illegal immigrants and fraudsters.

    Support for Rural Hospitals – OBBB includes expanded protections for rural hospitals with $50 billion in targeted rural health grants under the “Rural Health Transformation Program” and gives states flexibility to support local providers, ensuring continued access to care in small towns and underserved areas. 

    Boosting Montana’s Economy:

    Small Business Support – The bill extends the 199A small business tax deduction to about 29,000 Montana firms, nearly 45% of all businesses in the state.

    Manufacturing Incentives – Targeted provisions support Montana’s manufacturing sector, which makes up 5% of total employment.

    Opportunity Zones Made Permanent – Montana has 25 Opportunity Zones, including 10 on tribal land, which have already created 3,000 jobs and led to the construction of 500 new housing units.

    Protecting the Northern and Southern Borders:

    Tackles the Opioid Epidemic – Fights the flow of illicit fentanyl and deadly drugs across the southern border, helping combat the opioid crisis devastating Montana families and tribal communities.

    Builds and Secures the Border Wall – Constructs hundreds of miles of new border wall and barriers to stop drug smuggling and human trafficking operations that reach Montana communities and Tribal Nations.

    Funds Immigration, Customs, and Border Agencies at Record Levels – Provides resources for over 18,000 new frontline enforcement personnel, including 10,000 new ICE officers, 5,000 Customs officers, and 3,000 Border Patrol agents. This will helping secure both the southern and northern borders, which were left dangerously exposed under the Biden administration.

    For additional information on the OBBB, visit: https://www.whitehouse.gov/obbb/

     

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    MIL OSI USA News

  • MIL-OSI USA: Kean Applauds Passage of Landmark Crypto Bills

    Source: US Representative Tom Kean, Jr. (NJ-07)

    Contact: Riley Pingree 

    (July 18, 2025) WASHINGTON, D.C. – Yesterday, Congressman Tom Kean, Jr. (NJ-07) voted in favor of the GENIUS Act and the CLARITY Act, two landmark bills that lay the foundation for a safer, more innovative, and forward-looking financial future.

    The CLARITY Act creates a long-overdue regulatory framework for digital assets by prioritizing consumer protection, offering market certainty, and supporting American innovation through clear oversight and stronger safeguards.

    The GENIUS Act establishes a federal structure for payment stablecoins, aiming to protect consumers, encourage innovation, and strengthen the U.S. dollar’s role as the world’s reserve currency.

    Congressman Kean said, “Clear and responsible rules around digital assets, are essential to helping them reach their full potential while keeping American consumers safe. I am glad to see these bipartisan bills move forward and pass the House with support from both sides of the aisle. They provide the confidence and transparency businesses need to innovate, create new opportunities, and grow—in New Jersey and across the nation. With strong safeguards in place, we can ensure that America remains a global leader in the future of finance and digital payments. I look forward to seeing these bills reach President Trump’s desk and be signed into law.”

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    MIL OSI USA News

  • MIL-OSI Africa: G20 members commit to addressing debt vulnerabilities

    Source: Government of South Africa

    Members of the G20 have pledged to address the mounting debt pressures in low and middle-income economies amid the global financial turbulence.

    This is according to Deputy Finance Minister Dr David Masondo who addressed a media briefing on Friday following the third G20 Finance Ministers and Central Bank Governors (FMCBG) Meeting held in Kwa-Zulu Natal this week.

    Developing and emerging economies – particularly those in Africa – are grappling with high and rising debt vulnerabilities, shrinking fiscal flexibility and high borrowing costs.

    “[Members]…reaffirmed their commitment to further strengthen the implementation of the G20 Common Framework. To give effect to this, the G20 FMCBG endorsed the G20 Note on Lessons Learned from the Initial Common Framework Cases and the G20 Note on Steps of a Debt Restructuring under the Common Framework.

    “These documents have been published on the G20 website. In addition, fact sheets on the Common Framework country cases for Chad, Zambia and Ghana have also been published on the G20 and Paris Club websites to improve information sharing,” he said.

    WATCH | Closing media briefing

    [embedded content]

    In further discussions, the members also acknowledged the G20 Note on Special drawing rights [SDRs] which, the Deputy Minister said, “highlights the achievement of exceeding $100 billion in voluntary channelling of SDRs or equivalent contributions for countries in need.”

    The pledges to this currently stand at some $113.8 billion coming from 35 countries. 

    “Members also underscored the need for enhancing the representation and voice of developing countries in decision-making in MDBs [Multilateral Development Banks]and other international economic and financial institutions.

    “Members recognised the relative resilience of capital flows in Emerging Market and Developing Economies [EMDEs] despite heightened global policy uncertainty – underscored by strong macroeconomic fundamentals and sound policy frameworks.

    “They also highlighted the growing influence of non-bank financial institutions [NBFIs] and stressed the importance of gaining a deeper understanding of their impact on these flows. Members further emphasised the significance of structural reforms in fostering long-term sustainable capital flows to EMDEs,” said the Deputy Minister.

    Energy transitions

    Regarding energy transitions, Masondo said during the meeting, Ministers and central bank Governors considered key recommendations for “enhancing collaboration among Vertical Climate and Environment Funds, Multilateral Development Banks, National Development Banks and the private sector”.

    “Members reaffirmed the urgency of scaling up financing for adaptation and just transitions and reflected on key recommendations emerging from a comprehensive analysis undertaken by multiple knowledge partners. These included guidance on integrating adaptation into voluntary transition planning, addressing insurance protection gaps, scaling financing mechanisms, and strengthening enabling environment.

    “[They] also received an update on the work of the Climate Data Steering Committee, which has developed a set of principles for the development of a Common Carbon Credit Data Model aimed at promoting interoperability and improving transparency of carbon markets. 

    “They noted that the draft data model is currently undergoing a public consultation with both the private and public sectors,” the Deputy Minister said.

    The full communique of the third FMCGB meeting is available at https://www.treasury.gov.za/comm_media/press/2025/3rd%20G20%20FMCBG%20Communique.pdf and on the g20.org website. 

    READ | Fair trade is key cog in global economy 

    The Third Meeting of the G20 Finance Ministers and Central Bank Governors (FMCBG) took place on 17 and 18 July 2025 in Durban.

    READ | Global challenges require ‘bold, cooperative leadership’ – Godongwana

    The National Treasury and the South African Reserve Bank are jointly responsible for overseeing the work of the G20 Finance Track under the co-chairship of Finance Minister Enoch Godongwana and Reserve Bank Governor Lesetja Kganyago.
    SAnews.gov.za

    MIL OSI Africa

  • MIL-OSI Africa: Fair trade is a key cog in global economy

    Source: Government of South Africa

    Amidst the global economy facing heightened uncertainty and complex challenges, the Deputy Minister of Finance, Dr David Masondo, has emphasised the importance of fair trade.

    The global economy is experiencing ongoing wars and conflicts, geopolitical and trade tensions, disruptions to global supply chains, high debt levels, and frequent extreme weather events and natural disasters, which affect economic growth, financial and price stability.

    To address the existing and emerging risks to the global economy, the Group of Twenty (G20) Finance Ministers and Central Bank Governors (FMCBG) meeting that was held in Durban this week, pledged to strengthen multilateral cooperation to address existing and emerging risks to the global economy.

    The meeting also recognised the importance of the World Trade Organisation (WTO) to advance trade issues and the agreed-upon rules in the WTO as an integral part of the global trading system. 

    It also recognised that the WTO has challenges and needs meaningful, necessary, and comprehensive reform to improve all its functions, through innovative approaches in order to be more relevant and responsive in light of today’s realities.

    “We are living in a globalised economy. Multinational companies are producing in different sovereigns in geographic spaces and as they produce you don’t want them to find it difficult to have access to markets.

    “If it is difficult for them to get access to the market, they are not going to realise profits and they won’t reinvest into the growth of the economy. This meeting emphasised that it [is]important for us to be a rules-based world. It’s important for us to run our global economy through multilateral platforms,” the Deputy Minister said on Friday at a media briefing held at the conclusion of the FMCBG.

    WATCH | Closing media briefing

    [embedded content]

    The Ministers and Governors agreed to bolster long-term growth potential by pursuing growth-oriented macroeconomic policies, while building fiscal buffers, ensuring fiscal sustainability, encouraging public and private investments, undertaking productivity-enhancing reforms and safeguarding central bank independence to maintain price stability.

    “Structural reforms are essential for generating strong economic growth and creating more and better jobs.

    “All excessive imbalances should be further analysed by the International Monetary Fund (IMF) and, if necessary and, without discrimination, addressed through country-specific reforms and multilateral coordination, in a way that contributes to an open global economy and without compromising sustainable global growth,” the FMCBG communique said.

    Central banks affirmed a strong committed to ensuring price stability, consistent with their respective mandates and will continue to adjust their policies in a data-dependent manner. 

    “Central bank independence is crucial to achieving this goal,” the communique said. 

    Meanwhile, members of the G20 have pledged to address the mounting debt pressures in low and middle-income economies amid global financial turbulence.

    READ | G20 members commit to addressing debt vulnerabilities

    This as developing and emerging economies – particularly those in Africa – are grappling with high and rising debt vulnerabilities, shrinking fiscal flexibility and high borrowing costs.
    SAnews.gov.za
     

    MIL OSI Africa

  • MIL-OSI USA: Speaker Johnson on Squawk Box: This is the Beginning of a Great Run for America

    Source: United States House of Representatives – Representative Mike Johnson (LA-04)

    WASHINGTON — This morning, following House passage of landmark crypto legislation and the first spending rescission in 25 years, Speaker Johnson joined CNBC’s Squawk Box to discuss how the House Republican economic agenda is delivering for American families.

    Watch the full interview here

    On the pocketbook benefits of the One Big Beautiful Bill:

    The reason we named it the One Big Beautiful Bill is because there’s so much in it for everyone. And I’m delighted to hear the former HUD Secretary sing the praises of the bill. There are a lot of praises to sing, and everyone will be singing that tune, and certainly the voters will when they come to the midterms in 2026. And the reason for that is because we wrote this bill for the lower- and middle-class earners in America. We’re the working-class party, the Republican Party is, and we delivered for them. And it’s important to point out, all the Democrats in Congress voted against all those great provisions.

    You’re talking about historic tax cuts, historic savings at the same time. But what it means for the typical family in America, an additional average $13,000 in their pocket at the end of the year in take home pay, you’re talking about the child tax credit. 91% of Americans will benefit from the increase that we did there. Seniors got tax relief, no tax on tips and overtime, things that are really going to mean a lot to people, and it’s going to be jet fuel the US economy. You’re beginning to see just the enthusiasm that the passage of the bill has sparked. This is the beginning of a great run for America. President Trump called me early this morning, we were doing a victory lap together on the phone about the passage of the rescission bill late here last night. And he said, Mike, we’re just winning. We’re going to continue to win. This is a great moment for America. I said, sir, it’s historic and there’s much more to come.

    On Jerome Powell’s job as Fed Chairman:

    I’m as anxious to see how that plays out as you are. I will tell you that the sentiment here, my opinion is that we should reduce interest rates. The American economy is hot, and we have so many good things going on. We’re delivering over and over. The Republican majority here for the American people, not just the One Big Beautiful Bill, not just with the rescissions package that we passed last night, clawing back with $9 billion of wasted taxpayer funds…the sectors of the economy right now that are giving us the most concern is, as the president has discussed, home ownership, you know, you’ve got a lot of young people and people of all ages who are having a hard time getting into the real estate market because they can’t afford the interest rates on a home. And it affects purchases of automobiles and all large ticket items. If you reduce that, I don’t say slash interest rates but do something that’s meaningful to get that humming again, because that will last. It’ll have a lasting effect. And if you combine that with the other things that are happening, I think we’ll have the greatest economy in the history of the world.

    On House Republicans pushing for maximum transparency regarding the Epstein Files:

    I believe in maximum transparency. And so does President Trump, and that’s what he said. He says it many different ways. Many different times. But we want all credible evidence to be put out there for the American people. Reagan used to remind us to trust the American people. They’re smarter than anybody gives them credit for. And I believe people can draw their own conclusions about that, but they have to have the documents. Now, at the same time, I think the interest here and the concern, and frankly the duty, the responsibility is to protect the innocent, right? If you have minors who are victims of sex trafficking, heaven forbid, predatory activity, you can’t have their names out there, right?

    So, the courts and law enforcement and government agencies have a custom of protecting the innocent [and] bogus allegations that would be made against people that can’t be authenticated. So that’s the concern. They’re trying to thread that needle because the Department of Justice does have a responsibility to make sure those people’s lives are not destroyed.

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    MIL OSI USA News

  • MIL-OSI Africa: Key industry support for C&I Energy + Storage Summit Zambia 2025

    Source: APO

    The C&I Energy + Storage Summit Zambia (https://apo-opa.co/3IzeiGS), a landmark event for the Southern African Development Community (SADC) region, is set to launch on 27-28 August 2025 at The Pamodzi Hotel in Lusaka.

    The C&I Energy + Storage Summit Zambia introduces a dynamic platform to tackle energy challenges and deliver sustainable solutions for Zambia’s commercial and industrial (C&I) sectors. As part of the Power and Energy Portfolio of VUKA Group, a leading organiser of transformative industry events across Africa, this Summit will drive the SADC region’s energy future.

    “The region has the potential to respond to the demand for sustainable energy. It is undisputable that the SADC region can do better. But what we lack in our region is collaboration”, says Mr Makozo Chikote, Zambia Minister of Energy.

    Endorsements, Partners, and Sponsors

    The Summit is proudly endorsed by key industry associations and supported by a robust network of partners and sponsors committed to advancing Zambia’s energy landscape. Zambia Ministry of Energy, Zambia Development Agency (ZDA), Zambia Association of Manufacturers (ZAM), and the Pan African Chamber of Commerce and Industry (PACCI) have partnered with the event, which underscores C&I Energy + Storage Summit Zambia’s role in promoting policy advocacy, technology adoption, and investment in renewable energy. ZESCO is the proud host utility of the Summit, and they are joined by key sponsors such as Enerj, Hexing, WEG, and Vertiv.

    Advisory board comprising influential industry stakeholders

    Guiding the Summit’s direction is a distinguished Advisory Board of industry experts and thought leaders who shape the programme to address pressing challenges in commercial and industrial energy security. https://Energy-StorageSummit.com Board members include:

    • Ian Griffiths, Solar and Hydro Projects Developer
    • Johnstone Chikwanda, Global Ambassador of Energy and Climate Change, Forum of African Traditional Authorities (FATA)
    • Mbiko Banda, Electrical Engineer and Research Lead, Africa GreenCo
    • Rodgers K. Muyangwa, Senior Manager Research and Pricing – Economic Regulation, Energy Regulation Board
    • Rose Chikotola-Sichizya, Co-ordinator, Proudly Zambian Campaign
    • Liana Braxton, Managing Director, Sosimple Energy
    • Chimuka Nketani, Director: Investment, Zambia Development Agency
    • Brian Tahinduka, Energy Head: Africa Regions, Standard Bank

    Their expertise ensures sessions are relevant, informative, and aligned with stakeholder needs.

    Confirmed speakers

    The Summit features speakers who bring real-world experience from across the energy value chain, including pioneers in embedded generation, PPAs, and Zambia’s open-access framework. Notable speakers include:

    • Billy Onyango, Renewable Energy Consultant, Kenya Power
    • Chabuka Kawesha, Chairperson, Vice President (South Block), Pan African Chamber of Commerce and Industry
    • Chikoma Kazunga, Head of Business Development and New Ventures, Africa GreenCo
    • Helen Zulu, Country Director, ENGIE Energy Access Zambia

    These experts will share stories, challenges, and lessons learned to help attendees futureproof operations, secure financing, and scale clean energy solutions.

    Contact Babalwa Bungane for speaking opportunities at the Summit: Babalwa.bungane@wearevuka.com

    Download the Programme (https://apo-opa.co/4lL3LXN)

    Complimentary access for pre-qualified C&I project owners

    Designed for businesses grappling with unreliable utility power, load-shedding, price volatility, and operational pressures, the Hosted Buyer Programme connects participants directly with solution providers active in Zambia and the region, enabling peer-to-peer networking, insights from real-world implementations, and updates on regulatory changes, financing tools, and emerging technologies.

    Who Should Apply?

    • Commercial and industrial companies
    • Large energy users
    • Energy project owners and buyers

    Enquire about the Hosted Buyer Programme here: https://apo-opa.co/4fgxw0p

    Why Attend?

    This Summit is essential for businesses facing unreliable utility power and pursuing energy independence. Through masterclasses, case studies, and networking, participants will explore alternative energy and storage technologies to secure reliable energy, learn from early adopters about successful project execution, gain insights into regulatory frameworks and policy advocacy, mitigate financial and technical risks with expert advice, and build partnerships to accelerate project development.

    This event is critical for Zambia’s C&I sectors, which depend on effective energy solutions. Key industries include retail, powering stores and supply chains consistently; manufacturing, ensuring stable energy for production; agriculture and agri-processing, supporting irrigation and processing; property development, enabling sustainable buildings; and energy-intensive users, stabilising operations for mining and industry.

    Join Us

    Seize this opportunity to elevate your energy strategy, engage with top providers, and shape the future of Zambia and the SADC region. Whether a sponsor, delegate, hosted buyer, or investor, the C&I Energy + Storage Summit Zambia offers unmatched value.

    Register for the event (https://apo-opa.co/4lxHyMH)

    Distributed by APO Group on behalf of VUKA Group.

    For sponsorship or hosted buyer enquiries, contact:
    Marcel du Toit
    marcel.dutoit@wearevka.com

    About VUKA Group:
    As part of the Power and Energy Portfolio of VUKA Group (https://apo-opa.co/450xGnN), this Summit aligns with VUKA’s mission to connect industries, spark innovation, and fuel economic growth. VUKA Group is a premier organiser of conferences, exhibitions, and events across Africa, delivering tailored platforms for networking, knowledge sharing, and business development in energy and related sectors.

    Media files

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    MIL OSI Africa

  • India-UAE Partnership Eyes Nuclear Energy and Advanced Technology as Next Breakthrough Sectors

    Source: Government of India

    Source: Government of India (4)

    India and the United Arab Emirates are solidifying their strategic partnership, setting their sights on nuclear energy and advanced technology as the next frontiers for collaboration. This move comes as bilateral trade has already surged past the $100 billion mark, five years ahead of schedule, cementing the UAE’s position as India’s third-largest trade partner. Speaking at an Observer Research Foundation Middle East event in Dubai, Indian Ambassador to the UAE, Sunjay Sudhir, highlighted how both nations are leveraging their unique strengths to forge resilient supply chains and foster sustainable growth, moving beyond traditional trade ties.

    Intensified high-level diplomatic engagement since September 2024, including visits from Sheikh Khalid and Crown Prince Sheikh Hamdan to India, has focused on substantive economic cooperation. Discussions during Crown Prince Sheikh Hamdan’s visit with Commerce and Industry Minister Piyush Goyal underscored the significant role of the Comprehensive Economic Partnership Agreement (CEPA) in accelerating bilateral trade, particularly progress on the Virtual Trade Corridor, a foundational element of the India-Middle East-Europe Economic Corridor (IMEEC). UAE investments in India have reached $23 billion, with a notable $4.5 billion committed in 2024 alone, following the finalization of the Bilateral Investment Treaty last year. Furthermore, local currency trade settlement now accounts for 10 percent of all bilateral transactions, reducing dependence on dollar-denominated exchanges.

    A significant stride in financial technology integration is the UAE’s Jaywan card, built entirely on India’s rupee card stack. Plans are also underway to connect banking messaging systems, offering an alternative to SWIFT networks, and to integrate India’s Unified Payments Interface (UPI) with the UAE’s Aani platform by November 2025, enabling Central Bank Digital Currency (CBDC) interoperability. Educational cooperation has also seen tangible results with the launch of IIT Abu Dhabi’s PhD program this year, alongside IIM Ahmedabad’s Dubai campus and IIFT Dubai. Defense collaboration has been elevated to the secretary level, featuring joint exercises such as Desert Cyclone, Desert Flag, and the India-France-UAE Trilateral Exercise, and extends to participation in major defense exhibitions like IDEX and Dubai Airshow, with 25 Indian companies actively involved. Hardware integration initiatives include components for the Tejas fighter aircraft and the development of drone and anti-drone systems.

    Nuclear cooperation is emerging as a transformative area, with the UAE currently generating 25 percent of its energy from nuclear sources (5.6 GW capacity) and aiming to double this by 2030. The Partnership for Accelerating Clean Energy (PACE) initiative involving the US, UAE, , coupled with synergies with France, positions nuclear energy as a key growth sector. The advanced technology partnership gained momentum at the Vibrant Gujarat Global Summit 2024.

    Discussions are also underway for collaboration in critical minerals and the space sector, including polar initiatives. The IMEEC project envisions a comprehensive connectivity corridor for containers, data, and energy through connected grids and subsea cables. The I2U2 framework (India, Israel, UAE, US) is expanding its focus to food security, with plans for two food parks in Gujarat and renewable energy projects targeting 60 GW capacity in Gujarat and Rajasthan. Ambassador Sudhir emphasized the potential benefits for India from the UAE’s 25 other Comprehensive Economic Partnership Agreements (CEPAs), which could provide diversified market access and manufacturing advantages, particularly for energy-intensive industries. The UAE’s recent inclusion in BRICS further enhances its role as a strategic gateway for India’s engagement with Africa through initiatives like Bharat Africa Setu. The legal predictability and stable environment in the UAE also make it an attractive destination for Indian manufacturing investments requiring significant energy inputs.

    Culturally, the BAPS Hindu temple in Abu Dhabi stands as a powerful symbol of the shared ethos, religious tolerance, and cultural inclusivity underpinning the broader strategic relationship, a testament to the graciousness of the Abu Dhabi government. As both nations navigate global economic uncertainties, their partnership exemplifies how complementary strengths can foster resilient supply chains and sustainable growth models, with nuclear energy and advanced technology at the forefront of their expanding cooperation.

  • PM Modi launches ₹5,400 crore development projects in Durgapur, boosting West Bengal’s infrastructure and economic growth

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi laid the foundation stone, inaugurated, and dedicated development projects worth over ₹5,400 crore in Durgapur, West Bengal, marking a significant step toward strengthening the region’s infrastructure and economic growth. Addressing a gathering in the Steel City, known for its robust labor force, the Prime Minister highlighted Durgapur’s pivotal role in India’s development journey. He emphasized that the projects launched will enhance connectivity, promote a gas-based economy, and reinforce Durgapur’s industrial identity while aligning with the vision of “Make in India, Make for the World.” The initiatives are expected to create numerous employment opportunities for the youth of West Bengal.

    PM Modi underscored that India’s resolve to become a developed nation by 2047, or Viksit Bharat, is a focal point of global discussions, driven by transformative changes in infrastructure. He highlighted the government’s achievements over the past decade, including the construction of over 4 crore pucca houses, crores of toilets, more than 12 crore tap water connections, thousands of kilometers of new roads and highways, new railway lines, airports in small towns, and widespread internet access reaching villages and households. In West Bengal, he noted significant advancements in rail connectivity, with the state leading in operating Vande Bharat trains, expanding the Kolkata Metro, and modernizing railway stations. The inauguration of two road overbridges in Paschim Bardhaman under the Setu Bharatam Programme, worth over ₹380 crore, will further ease travel and enhance safety by reducing accidents at railway crossings.

    The Prime Minister emphasized the integration of Durgapur’s airport into the UDAN scheme, which has facilitated over 5 lakh passenger journeys in the past year. He noted that such infrastructure not only improves convenience but also generates employment, with even the production of raw materials for these projects creating substantial job opportunities.

    In the energy sector, PM Modi highlighted India’s unprecedented progress in gas connectivity over the past decade, with LPG reaching households nationwide and earning global recognition. He outlined the government’s “One Nation, One Gas Grid” vision through the Pradhan Mantri Urja Ganga Yojana, which includes laying gas pipelines across six eastern states, including West Bengal. The Durgapur to Kolkata section of the Durgapur-Haldia Natural Gas Pipeline, worth over ₹1,190 crore, was dedicated to the nation, passing through Purba Bardhman, Hooghly, and Nadia districts. This pipeline will supply natural gas to lakhs of households, enable CNG for vehicles, and support gas-based industrial technologies. Additionally, the foundation stone for Bharat Petroleum Corp. Ltd’s City Gas Distribution project in Bankura and Purulia, worth around ₹1,950 crore, was laid to provide piped natural gas to households, commercial establishments, and industries, further boosting employment.

    The Prime Minister also dedicated retrofitting pollution control systems (Flue Gas Desulphurization) at the Durgapur Steel Thermal Power Station and Raghunathpur Thermal Power Station, worth over ₹1,457 crore. These upgrades enhance efficiency, support cleaner energy production, and position the plants to compete globally. The doubling of the Purulia-Kotshila Rail Line, worth over ₹390 crore, was also dedicated, improving connectivity for industries in Jamshedpur, Bokaro, Dhanbad, Ranchi, and Kolkata, reducing travel time, and streamlining logistics.

    PM Modi reiterated that India’s progress in factories and fields is driven by a unified resolve to achieve a developed nation by 2047. He outlined the government’s approach: empowerment through development, self-reliance through employment, and good governance through responsiveness. The Prime Minister expressed confidence that these efforts will position West Bengal as a strong engine of India’s development journey.

  • MIL-OSI Security: UPDATE: Met reiterates warning on support for proscribed organisations ahead of Saturday protests

    Source: United Kingdom London Metropolitan Police

    There will be an increased police presence in Westminster on Saturday when a number of protests are due to take place.

    A march organised by the Palestine Coalition will go from Victoria Embankment to Whitehall via Westminster Bridge, Waterloo Bridge and the Strand. Speeches will take place in Whitehall following the march.

    A static protest organised by Stop the Hate, in opposition to the Palestine Coalition march, will take place at the junction of the Strand and Waterloo Bridge.

    Discussions are ongoing with the organisers of both protests and details of any conditions in place will be published on Friday.

    We are also expecting further protest activity in support of Palestine Action which is a group now proscribed under the Terrorism Act. Similar protests have taken place in Parliament Square for the past two weekends, with 70 arrests made.

    The location of any such protest has not yet been confirmed.

    Deputy Assistant Commissioner Ade Adelekan, who is charge of the Met’s policing operation this weekend, said: “Our policing plans for the sort of protest activity we expect on Saturday are tried and tested, with officers working hard to achieve the balance of allowing people to exercise their right to peaceful protest while avoiding serious disruption to the community and ensuring incidents and offences can be swiftly dealt with.

    “This Saturday’s Palestine Coalition protest is the first large scale eventof its kind since the proscription of Palestine Action and I want to make sure the implications of that change in the law are fully understood.

    “Nobody will be committing an offence by simply supporting the Palestinian cause, taking part in the march or carrying flags, banners or other signs providing they don’t stray into hate speech or other offences.

    “However, those who see this as an opportunity to test the limits of the law by expressing support for Palestine Action, whether at a standalone protest or as part of the Palestine Coalition protest, will likely be committing an offence and will very likely be arrested.

    “I would urge those people to consider the seriousness of being arrested under the Terrorism Act and the very real long term implications – from travel, to employment, to finances – that such an arrest is likely to have for their future.

    “This is also the first large scale protest on this issue since Glastonbury Festival where offensive chanting led by an artist on one of the stages prompted a police investigation. Investigations are also underway, led by Met officers, following similar uses of the same chant in London.

    “Those investigations are ongoing and it would not be appropriate to prejudge the outcomes, but I can say a bit more about our approach to similar chanting at this weekend’s protest.

    “We have said before that whether chants cross the line from free speech to a potential criminal offence depends on the specific circumstances.

    “For example, there will be words that when chanted in the middle of the Palestine Coalition march, and not directed at individuals who might be caused harassment, alarm or distress as a result, might not lead an officer to reasonably suspect an offence has been committed.

    “But directing the same words at a group of people for whom the words would very likely cause harassment, alarm or distress, could well give rise to grounds for arrest.

    “At previous protests, the area between the main march and any counter protest has seen the most heated exchanges. Officers will be particularly alert to conduct, including chanting, in this area and will be working with stewards to ensure crowds keep moving past this point.

    “Where they become aware of behaviour that crosses the line from protest into criminality they will intervene and take appropriate action.

    “All participants are responsible for their own behaviour. Avoiding the use of threatening, abusive and insulting language, or language that is supportive of proscribed organisations, is the surest way to stay on the right side of this line.”

    Further details of these protests, including any conditions in place, will be published at news.met.police.uk and on the Met’s X account.

    MIL Security OSI

  • MIL-OSI Security: UPDATE: Met reiterates warning on support for proscribed organisations ahead of Saturday protests

    Source: United Kingdom London Metropolitan Police

    There will be an increased police presence in Westminster on Saturday when a number of protests are due to take place.

    A march organised by the Palestine Coalition will go from Victoria Embankment to Whitehall via Westminster Bridge, Waterloo Bridge and the Strand. Speeches will take place in Whitehall following the march.

    A static protest organised by Stop the Hate, in opposition to the Palestine Coalition march, will take place at the junction of the Strand and Waterloo Bridge.

    Discussions are ongoing with the organisers of both protests and details of any conditions in place will be published on Friday.

    We are also expecting further protest activity in support of Palestine Action which is a group now proscribed under the Terrorism Act. Similar protests have taken place in Parliament Square for the past two weekends, with 70 arrests made.

    The location of any such protest has not yet been confirmed.

    Deputy Assistant Commissioner Ade Adelekan, who is charge of the Met’s policing operation this weekend, said: “Our policing plans for the sort of protest activity we expect on Saturday are tried and tested, with officers working hard to achieve the balance of allowing people to exercise their right to peaceful protest while avoiding serious disruption to the community and ensuring incidents and offences can be swiftly dealt with.

    “This Saturday’s Palestine Coalition protest is the first large scale eventof its kind since the proscription of Palestine Action and I want to make sure the implications of that change in the law are fully understood.

    “Nobody will be committing an offence by simply supporting the Palestinian cause, taking part in the march or carrying flags, banners or other signs providing they don’t stray into hate speech or other offences.

    “However, those who see this as an opportunity to test the limits of the law by expressing support for Palestine Action, whether at a standalone protest or as part of the Palestine Coalition protest, will likely be committing an offence and will very likely be arrested.

    “I would urge those people to consider the seriousness of being arrested under the Terrorism Act and the very real long term implications – from travel, to employment, to finances – that such an arrest is likely to have for their future.

    “This is also the first large scale protest on this issue since Glastonbury Festival where offensive chanting led by an artist on one of the stages prompted a police investigation. Investigations are also underway, led by Met officers, following similar uses of the same chant in London.

    “Those investigations are ongoing and it would not be appropriate to prejudge the outcomes, but I can say a bit more about our approach to similar chanting at this weekend’s protest.

    “We have said before that whether chants cross the line from free speech to a potential criminal offence depends on the specific circumstances.

    “For example, there will be words that when chanted in the middle of the Palestine Coalition march, and not directed at individuals who might be caused harassment, alarm or distress as a result, might not lead an officer to reasonably suspect an offence has been committed.

    “But directing the same words at a group of people for whom the words would very likely cause harassment, alarm or distress, could well give rise to grounds for arrest.

    “At previous protests, the area between the main march and any counter protest has seen the most heated exchanges. Officers will be particularly alert to conduct, including chanting, in this area and will be working with stewards to ensure crowds keep moving past this point.

    “Where they become aware of behaviour that crosses the line from protest into criminality they will intervene and take appropriate action.

    “All participants are responsible for their own behaviour. Avoiding the use of threatening, abusive and insulting language, or language that is supportive of proscribed organisations, is the surest way to stay on the right side of this line.”

    Further details of these protests, including any conditions in place, will be published at news.met.police.uk and on the Met’s X account.

    MIL Security OSI

  • MIL-OSI: Escape Financial Instability: EarnMining Delivers Free Bitcoin Cloud Mining Right to Your Pocket

    Source: GlobeNewswire (MIL-OSI)

    Los Angeles, California, July 18, 2025 (GLOBE NEWSWIRE) — EarnMining, a next-generation cloud mining platform, has officially announced the global launch of its mobile app, offering free Bitcoin cloud mining and simplified access to passive crypto income. The app removes traditional mining barriers by eliminating the need for expensive hardware, technical setup, or complex configurations.

    As part of its launch initiative, EarnMining is providing all new users with a $15 mining credit bonus, enabling instant entry into the world of digital asset earnings — straight from their smartphone.

    Revolutionizing Crypto Accessibility Amid Economic Uncertainty

    In response to growing global interest in alternative income streams, EarnMining delivers a cost-effective and scalable solution to cryptocurrency mining. Built to serve users across 180+ countries, the platform democratizes access to Bitcoin and altcoin mining by leveraging cloud-based infrastructure and a mobile-first approach.

    “At EarnMining, we believe financial opportunity should be accessible to all,” said the company’s spokesperson. “Our platform is designed to empower everyday users with real earnings potential in the crypto space—without needing technical expertise or upfront capital for hardware.”

    Seamless Onboarding: Mine Crypto in 5 Simple Steps

    1. Register a Free Account
    New users can sign up at www.earnmining.com in under a minute. A $15 welcome bonus is instantly credited to their account to begin mining right away.

    2. Choose a Mining Plan
    The platform offers flexible cloud mining packages suitable for both short-term testing and long-term passive income strategies. Users can select a plan tailored to their goals and budget.

    3. Deposit Your Crypto
    Funding the EarnMining wallet is quick and secure. Users can deposit BTC, ETH, USDT (ERC20/TRC20), XRP, LTC, DOGE, BCH, or SOL. All transactions are encrypted and processed efficiently.

    4. Start Mining Automatically
    No hardware is required. Once funded, mining starts instantly in the background. Users can monitor earnings and contract performance via the app’s intuitive dashboard.

    5. Withdraw or Reinvest Earnings
    Mining profits are added to the balance daily. When the user reaches $100, they can choose to withdraw their earnings or reinvest to scale up their mining power.

    User-Friendly Interface Designed for All Experience Levels

    The EarnMining AWS mobile application is specifically designed for infra-crypto advanced miners and non-crypto miners and users alike. With a simple configuration, undeviating/consistent earnings record,  and 1-touch options, the application is sure to be a pleasant experience. It makes contract management, performance and income viewership, revenue optimizations and overall tracking seamless for all users

    Unmatched Security Standards and Data Protection

    Security is a top priority at EarnMining. The platform is protected by Cloudflare® DDoS protection and McAfee®-based security technology that make sure your data, transactions, and funds are safe. End-to-end encryption, multiple firewalls, and constant monitoring create ongoing security against threats.

    “Our platform operates under a strict security-first approach,” the company noted. “We’re committed to protecting both the digital assets and the trust of our users worldwide.”

     Stable Returns Through USD-Pegged Contracts

    Volatility is one of the biggest challenges in crypto. To safeguard user profits, EarnMining pegs all contracts to the U.S. Dollar (USD). Users deposit crypto based on real-time exchange rates, mine under a USD-based value model, and withdraw in the cryptocurrency of their choice. This approach offers a more stable, predictable earning experience — even during market downturns.

    Over 6 Million Users and Counting

    With over 6 million registered users in more than 180 countries, EarnMining is fast becoming a global leader in cloud-based cryptocurrency mining. Its user-friendly design, solid infrastructure, and flexible earning model resonates with anyone wanting to generate wealth in the age of digital assets.

    EarnMining is a low-risk way to start crypto mining for anyone from students to freelancers, investors, or retirees – all through a secure, mobile platform that can easily fit in your pocket.

    About EarnMining

    EarnMining is a cloud mining company that is also decentralized on the blockchain, and it is designed to make cryptocurrency mining easier for every user around the globe. EarnMining is creating secure and efficient access to digital assets for all user types through a platform that is simple and easy for beginners to navigate. EarnMining is facilitating the next evolution of crypto mining — it has never been easier, safer, or more accessible to create passive income.

    Official Website: https://earnmining.com

    App Download: https://earnmining.com/xml/index.html#/app

    Disclaimer: This press release is for informational purposes only and does not offer investment advice, financial guidance, or recommendations for transactions. Cryptocurrency mining and staking carry market volatility, regulatory uncertainty, and technical risks that can lead to financial loss. Investors should perform thorough due diligence and seek independent financial or legal advice before making any decisions.

    Attachment

    The MIL Network

  • MIL-OSI: HSBC Continental Europe Agrees to Sell French Portfolio of Home and Certain Other Retail Loans

    Source: GlobeNewswire (MIL-OSI)

    Press Release

    18 July 2025

    HSBC CONTINENTAL EUROPE AGREES TO SELL FRENCH PORTFOLIO
    OF HOME AND CERTAIN OTHER RETAIL LOANS

    HSBC Continental Europe, an indirectly held subsidiary of HSBC Holdings plc (“HSBC Group”), today signed a memorandum of understanding with a consortium comprising Rothesay Life plc and CCF (together the “Consortium Buyer”) regarding the sale of its French portfolio of predominantly home and certain other retail loans (the “Portfolio”) retained after the disposal of its retail banking business in France1 (the “Potential Transaction”).

    At 31 December 2024, the Portfolio had an outstanding balance of €6.7bn.

    On 1 January 2025, the Portfolio was reclassified from hold-to-collect to hold-to-collect-and-sell, and during the first quarter of 2025, the HSBC Group recognised a €1.2bn ($1.3bn2) pre-tax fair value loss through other comprehensive income on the Portfolio, and a €0.1bn ($0.1bn2) fair value gain in the income statement on related interest rate hedges. The fair value loss on the Portfolio resulted in an approximately 0.2 percentage point reduction in the HSBC Group CET1 ratio, which stood at 14.7% at 31 March 20253.

    At completion of the Potential Transaction:

    • The loss recognised in other comprehensive income will be recycled to the income statement with no further impact on HSBC Group’s CET1 ratio.
    • The risk weighted assets (“RWAs”) of the Portfolio4 will be deconsolidated, resulting in an immaterial benefit on the HSBC Group CET1 ratio.

    The Potential Transaction is expected to complete in the fourth quarter of 2025, subject to the appropriate information and consultation processes with respective works councils. HSBC Continental Europe will work closely with the Consortium Buyer to enable a smooth transition.

    The Potential Transaction allows HSBC Continental Europe to further strengthen its focus on being the leading corporate and institutional bank in Europe, supporting international clients. HSBC is focused on increasing its leadership and market share in the areas where it has a clear competitive advantage, and where it has the greatest opportunities to grow and support its clients.

    Financial impact of the transaction on HSBC Continental Europe:

    • Since the reclassification of the Portfolio on 1 January 2025 from hold-to-collect to hold-to-collect-and-sell, HSBC Continental Europe recognised during the first quarter of 2025, a €1.2bn fair value pre-tax loss through other comprehensive income and a €0.1bn fair value gain in the income statement on related interest rate hedges. The fair value loss on the Portfolio resulted in an approximately 2 percentage points reduction in HSBC Continental Europe’s CET1 ratio, which stood at 18.8% at 31 December 20245.
    • At completion of the Potential Transaction, the loss recognised in other comprehensive income will be recycled to the income statement with no further impact on HSBC Continental Europe’s CET1 ratio. The RWAs6 of the Portfolio will be deconsolidated and it is estimated that the HSBC Continental Europe CET1 ratio will increase by approximately 0.3 percentage point.

    Contacts:

    Sophie Ricord | sophie.ricord@hsbc.fr | + 33 6 89 10 17 62
    Stéphanie Préaut | stephanie.preaut@hsbc.fr | +33 6 75 31 16 58

    HSBC Continental Europe
    Headquartered in Paris, HSBC Continental Europe is an indirectly held subsidiary of HSBC Holdings plc. HSBC Continental Europe comprises, in addition to corporate and institutional banking, private banking, insurance and asset management activities across Continental Europe, and includes the business activities of 10 European branches (in Belgium, Czech Republic, Germany, Ireland, Italy, Luxembourg, the Netherlands, Poland, Spain and Sweden) and two banking subsidiaries in Continental Europe (in Luxembourg and Malta). HSBC Continental Europe’s mission is to serve both customers in Continental Europe for their needs worldwide and Group customers for their needs in Continental Europe.

    HSBC Holdings plc
    HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London, HSBC serves customers worldwide from offices in 58 countries and territories. With assets of US$3.054 billion at 31 March 2025, HSBC is one of the world’s largest banking and financial services organisations.

    Rothesay Life plc
    Rothesay is the UK’s largest pensions insurance specialist. The company has over £70 billion of assets under management, securing the pensions of more than one million people and paying out, on average, over £300 million in pension payments each month.

    CCF Group
    CCF Group is a century-old French banking group specializing in wealth management and specialized financing. Wealth management services are provided under the CCF brand to 800,000 clients across France. Specialized financing focuses on personal loans and corporate financing.


    1 Completion of the sale of Retail Banking Business in France – 1 Jan 2024, HSBC.com
    2 At relevant prevailing FX rates during, and at the end of, the first quarter of 2025.

    3 HSBC Group CET1 ratio on a PRA basis.
    4 Excluding Operational Risk RWAs.
    5 HSBC Continental Europe CET1 ratio computed on an ECB basis.
    6 Excluding Operational Risk RWAs

    Attachment

    The MIL Network

  • MIL-OSI Australia: Auditor Compliance Program results for 2024–25

    Source: New places to play in Gungahlin

    We’ve completed more than 200 SMSF auditor reviews in 2024–25. Our goal remains the same – supporting a high-quality audit profession that underpins confidence in the SMSF sector.

    As a result of these reviews, we referred 41 auditors to our co-regulator ASIC (Australian Securities and Investments Commission) and 36 voluntarily cancelled their registration during our reviews.

    The main reason for a referral was due to an auditor failing to comply with the auditing and assurance standards. Most auditors reviewed did not obtain sufficient and appropriate audit evidence to form an opinion on the fund’s financial statements and compliance with the super laws.

    A number of auditors were also referred as a result of failing to meet the independence requirements by conducting in-house audits and by failing to demonstrate they had the necessary practical experience to carry out SMSF audits.

    We’ve also focused on educating auditors through market valuation and disqualified trustee reviews, 51 auditors received targeted guidance to help them meet their obligations.

    The most common compliance issues we identified from our auditor reviews were a lack of evidence to support that:

    • fund transactions were at arm’s length (section 109)
    • fund assets were correctly reported at market value (regulation 8.02B)
    • there were no charges over fund assets (regulation 13.14)
    • the fund’s limited recourse borrowing arrangement had met the borrowing exceptions (section 67, 67A).

    We also found many auditor’s files contained unsigned financial statements (section 35B).

    For more information, see Compliance audit of an SMSF or SMSF auditors.

    Our high-volume auditor program continues to be effective, with ACR lodgments rising from 2.2% to 3.6% following our reviews.

    We’ll keep a strong focus on this group in 2025–26, along with high-risk auditors, auditors conducting in-house audits and auditors who may be failing to conduct adequate compliance checks in relation to ensuring trustees value their assets at market value each year.

    Looking for the latest news for SMSFs? You can stay up to date by visiting our SMSF newsroom and subscribingExternal Link to our monthly SMSF newsletter.

    MIL OSI News

  • MIL-OSI United Kingdom: UK tightens Oil Price Cap in blow to Putin’s war machine

    Source: United Kingdom – Executive Government & Departments

    Press release

    UK tightens Oil Price Cap in blow to Putin’s war machine

    The UK and EU will lower the crude Oil Price Cap.

    • UK and EU lower the crude Oil Price Cap, striking at the heart of Putin’s oil revenues

    • new measure will drive down the market value of Russian oil, disrupting the flow of oil money into Putin’s war chest

    • coordinated action comes as the UK and allies continue to ratchet up economic pressure on Russia

    UK will ramp up economic pressure on Russia with fresh measures directly targeting Putin’s critical oil revenues. 

    The UK and EU have today announced a lowering of the Crude Oil Price Cap, striking at the heart of Putin’s oil revenues.  

    Today’s action will lower the Crude Oil Price Cap from $60 barrel to $47.60 directly hitting Russia’s oil revenues, which have already fallen 35% year-on-year to May.  

    This will clamp down on Putin’s oil industry, driving down the market value of Russian crude oil and hurting a crucial source of funding for the Kremlin’s illegal war in Ukraine.

    Every financial blow against Russia’s oil revenues is another step towards a just and sustainable peace in Ukraine, and a step towards security and prosperity in the UK and beyond, which is a key foundation of the government’s Plan for Change.

    Speaking at the G20 in South Africa, Chancellor of the Exchequer Rachel Reeves said: 

    The UK and its EU allies are turning the screw on the Kremlin’s war chest by stemming the most valuable funding stream of its illegal war in Ukraine even further.  

    This decisive step to lower the Crude Oil Price Cap will target Russia’s oil revenues and ramp up the pressure on Putin by exploiting his biggest vulnerability – while keeping energy markets stable.

    Foreign Secretary David Lammy said:

    As Putin continues to stall on serious peace talks, we will not stand by.  

    That’s why we’re striking at the heart of the Russian energy sector alongside the EU. Together we will continue to apply relentless pressure on Putin, squeezing his critical oil industry and cutting off funding for his illegal war in Ukraine.

    The UK is taking decisive action to cut off Putin’s oil supply pipeline and has to date sanctioned over 250 ships responsible for transporting Russian energy.

    The UK has been clear that delaying peace efforts will only redouble our resolve to help Ukraine to defend itself and ratchet up pressure on Russia. That’s why the UK has committed £3 billion a year of military support for Ukraine for as long as it takes. 

    Today’s action comes as the UK further clamps down on Russian malign activity, exposing and sanctioning Russian spies responsible for spreading chaos and disorder on Putin’s orders.    

     The UK and EU are working in lockstep to combat those callously fuelling the fires of destruction in Ukraine and are committed to ramping up economic pressure on Putin, forcing him to the table to secure a just and lasting peace in Ukraine.

    Background 

    • The Crude Oil Price Cap, introduced in December 2022, is a measure to limit the Kremlin’s ability to finance its war against Ukraine, and prohibits G7 companies from shipping, insuring, or otherwise servicing Russian oil sold above $60 per barrel. Now, the UK and EU are lowering this to $47.60 per barrel, directly slashing Putin’s oil profits. 

    • The price caps of $100 on high-value refined oil products, such as diesel and petrol, and $45 on low-value refined oil products, such as fuel oil, remain unaffected. 

    • Oil exports are one of Russia’s key vulnerabilities: energy revenues account for around 30% of total federal revenues which in turn fund Russia’s war machine. 

    • The government is giving UK businesses time to adapt to the lower price cap. The lowered Oil Price Cap of $47.60 per barrel comes into effect at 23:01 (BST), Tuesday, 2 September 2025. Additionally, for any trades with an effective date of contract before this date, and which are compliant with the existing price cap of $60 per barrel, there will be a wind-down period of 45 days, ending at 23:01 (BST), Friday, 17 October 2025.

    Media enquiries

    Email newsdesk@fcdo.gov.uk

    Telephone 020 7008 3100

    Email the FCDO Newsdesk (monitored 24 hours a day) in the first instance, and we will respond as soon as possible.

    Updates to this page

    Published 18 July 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Call for packaging value chain representatives to join the pEPR Scheme Administrator Steering Group (SASG)

    Source: United Kingdom – Executive Government & Departments

    News story

    Call for packaging value chain representatives to join the pEPR Scheme Administrator Steering Group (SASG)

    PackUK are now welcoming expressions of interest (EOI) for the appointment of members of the Scheme Administrator Steering Group.

    PackUK, the Scheme Administrator for Extended Producer Responsibility for Packaging (pEPR), is committed to working with experts from across the packaging value chain to guide it in its work.

    The Scheme Administrator Steering Group plays a key role in supporting this close working relationship and brings together skilled professionals from across the packaging value chain who are passionate about recycling and environmental sustainability.

    The Steering Group provides valuable perspectives and recommendations to the Scheme Administrator Executive Committee (SA ExCo) on the operational functions of the Scheme Administrator, supporting it to:

    • deliver a system that creates maximum environmental benefits through knowledge sharing and collaboration
    • deliver maximum efficiency and effectiveness of the collection and packaging system

    These recommendations play a central role in shaping PackUK as it grows and develops. While the group is not directly involved in decision-making, it serves as a trusted source of insight comprising members who will have a wealth of operational and policy expertise from a variety of both public and private sector organisations.

    Expressions of interest for the role of Steering Group Member now open

    We are delighted to announce that we are now welcoming expressions of interest (EOI) for the appointment of members of the Scheme Administrator Steering Group.

    This voluntary role offers a unique opportunity to contribute to one of the most significant environmental reforms of our time: making a direct contribution to the UK’s achievement of decarbonisation and net zero by 2050.

    As a member, you’ll provide valuable feedback, recommendations, and technical advice that will contribute to the UK’s first pEPR scheme, a key milestone in the transition to a circular economy.

    Applications will close 11th August. Applicants must be able to demonstrate a variety of skills, experience and knowledge from across the value chain and will be subject to a fair and open competitive application process.

    Further information on how to apply can be found below.

    Details on the steering group

    In line with international best practice for EPR Schemes, the Steering Group will be producer led. The makeup of the seats on the Steering Group is as follows:

    The Steering Group will consist of 10 individuals from producer organisations and trade association representatives (1 designated seat for the food sector and 1 designated seat for packaging manufacturing) and 11 other members, representing Local Authorities (LAs) in each of the four nations, waste management organisations, environmental Non-Government Organisations (NGO), compliance schemes, and an independent chair.

    How to apply

    More information can be found in the following documents:

    To apply for this voluntary role, your CV and supporting statement should be returned to SASteeringgroup@defra.gov.uk by mid-day on 11 August 2025, marking the email as ‘Member of Scheme Administrator Steering Group’ in the subject field.

    All candidates are also required to submit the following:

    • Diversity information and conflicts of interest form

    • CV of no more than two sides of A4 outlining your experience, any professional qualifications and employment history

    • a supporting statement demonstrating how you meet the essential criteria, providing specific examples (750 words maximum)

    Please indicate in the email which Steering Group seat you are applying to (for example, Producer, Waste Management Organisation, e-NGO, Compliance Scheme).

    If you have any queries, please email SASteeringgroup@defra.gov.uk.

    Updates to this page

    Published 18 July 2025

    MIL OSI United Kingdom

  • MIL-OSI United Nations: ‘You have to be able to rule your life’: The care revolution in Latin America

    Source: United Nations 2-b

    The workers we don’t pay or see are grandmothers, mothers, daughters — the women who take care of children, look after ill family members, and give dignity to the elderly. 

    To do this vital care work, they give up formal employment with pay cheques. 

    “Our system is designed as if women didn’t do care work. And that forces us to choose between raising children or working,” said Meredith Cortés Bravo, a founder of a grassroots organization in Chile that supports these women.

    But in Latin America, this is slowly changing — a care revolution is underway that is asking governments and employers to consider what it would mean to recognize, protect and fund care work. 

    “Care is essential for every family and for every community. The revolution is to make it visible, to make it valuable and to invest,” María Noel Vaeza, UN Women’s regional director for Latin America and the Caribbean, told UN News.

    The most off-track goal

    The High-Level Political Forum (HLPF) on Sustainable Development is convening at UN Headquarters in New York in order to discuss progress – or lack thereof – towards the globally agreed Sustainable Development Goals (SDGs).

    While 18 per cent of the Goals are on track for 2030, achieving gender equality remains the Goal that is most off-track. Discriminatory laws and gender-based norms persist worldwide, with women dedicating approximately twice as many hours to unpaid care work as men.   

    “Gender equality is not a side issue. It is central to peace, it is central to justice, and it is central to sustainable development and the credibility of the multilateral system itself,” Sima Bahous, Executive Director of UN Women said at an HLPF session this week.

    The revolution is underway

    Before the revolution began, Latin America faced a care crisis during the coronavirus“>COVID-19 pandemic, according to Ms. Vaeza.  There was not enough care available outside of the home for sick people, forcing society to recognize that taking care of others is work. 

    “Unpaid care work is what keeps the economy running, but it’s unfair because it’s invisible, undervalued and underfunded. We must recognize it,” Ms. Vaeza said. 

    In Latin America, 17 are countries actively working to redesign their care economies, ensuring more protections and income for the women and men who provide this work. 

    “The biggest shift has been putting care at the centre of public policy, not just academic debates,” said Virginia Gontijo, UN Women programme lead in Brazil.

    This work is already bearing fruit. 

    In Chile, one of the region’s most ambitious care systems is already delivering in 151 municipalities, with the ultimate goal of reaching 75,000 people in the next few years.  

    UN Women is working with State governments and civil society groups to ensure that these new systems, policies and laws are shaped by and for caregivers.

    A care system in Brazil worked closely with a care activist network to train caregivers in labour rights and promote long-term professional development.  

    “I never felt my work was valued. But after this project, I feel better prepared to take part in political discussions and make our voices heard,” said Lucileide Mafra Reis, a domestic worker activist in Brazil.

    Care is a human right

    Mexico and Peru have taken a more rights-based approach to care, codifying it as a basic human right. 

    While the international community has yet to make a similar guarantee, Ms. Vaeza said that the human rights framework is an exceptionally effective one — it restores dignity and recognizes that care is a fundamental part of human life trajectories, from birth to death.

    “If you say that care is a human right, it means that the government and the state have to provide support,” she Ms. Vaeza.  

    For Aideé Zamorano González — a mother who founded Mama Godin, an organization in Mexico which evaluates the impact of care policies on women — it is equally as important that employers protect women’s right to do care work. 

    This means ensuring that workplaces have policies that are supportive of mothers as workers, such as schedules that allow them to drop their children off at school.

    For her, these sorts of policies are crucial for women’s rights and particularly for their freedom and autonomy.

    “You have to be able to rule your life,” Ms. Zamorano González told UN News

    Beyond just autonomy, however, it is also about safety. If a woman can make her own money — and therefore, her own decisions — she can leave abusive relationships and avoid economic exploitation. 

    “Every other type of violence depends on the economic power that you have. If you have the ability to make your own decisions and own money, you are safer,” said Ms. Zamorano González. 

    An economic investment

    Changes to legal classifications and governmental support for care work not only benefit the caregivers but also promote economic growth across societies. 

    “[Care] is an investment, a strategic investment for social justice, for gender equality and for sustainable development,” Ms. Vaeza said.

    She noted that dedicating government funds to paying caregivers will return the investment threefold — both by increasing caregivers’ purchasing power and by generating tax revenue. 

    In Chile and Colombia, new care systems are estimated to contribute 25.6 per cent and 19.6 percent respectively to their national GDPs, according to UN Women.

    “When you invest in a women’s organization, you strengthen a living network, a tree with many branches that reaches places no office or institutional programme ever could,” Ms. Bravo said. 

    Export the revolution

    Latin America’s progress on care is a model for other regions around the world, Ms. Vaeza said, and demonstrates the importance of changing legal frameworks for women and girls. 

    “It’s extremely important that this revolution be exported. It’s an investment, a strategic investment for social justice, for gender equality and for sustainable development,” she said. 

    But while the revolution is ongoing, Ms. Zamorano González underlined the importance of economic empowerment for women as a means to protect their own rights even when laws and policies fall short. 

    “We are under capitalism, so while we change the system, let’s play the game. Let’s get our own means to have freedom,” she said. 

    MIL OSI United Nations News

  • MIL-OSI USA: Carter Statement on House Passage of Key Crypto Legislation

    Source: United States House of Representatives – Congressman Earl L Buddy Carter (GA-01)

    Headline: Carter Statement on House Passage of Key Crypto Legislation

    WASHINGTON, D.C. – Rep. Earl L. “Buddy” Carter (R-GA) this week voted in support of three key pieces of legislation aimed at providing regulatory certainty to the cryptocurrency industry and cementing the United States’ leadership in the digital economy. 

    “We are delivering on President Trump’s call to make the United States the cryptocurrency capital of the world. This new digital arms race is not one we can allow our adversaries, such as China, to win. By providing regulatory certainty, promoting innovation, and fully embracing the digital economy, we will strengthen our nation’s crypto industry and unleash a period of growth and dominance,” said Rep. Carter. 

    Specifically, the bills advanced include: 

    –       The Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, creating the first federal standards for payment stablecoins. 

    –       The Digital Asset Market Clarity (CLARITY) Act, providing clear definitions for when digital assets are considered commodities or securities, potentially shifting oversight from the U.S. Securities and Exchange Commission (SEC) to the Commodity Futures Trading Commission (CFTC) for many tokens. 

    –       The Anti-CBDC Surveillance State Act, prohibiting the Federal Reserve from issuing a central bank digital currency, citing privacy concerns and potential government surveillance. 

    ###

    MIL OSI USA News

  • MIL-OSI USA: Carter Statement on House Passage of Key Crypto Legislation

    Source: United States House of Representatives – Congressman Earl L Buddy Carter (GA-01)

    Headline: Carter Statement on House Passage of Key Crypto Legislation

    WASHINGTON, D.C. – Rep. Earl L. “Buddy” Carter (R-GA) this week voted in support of three key pieces of legislation aimed at providing regulatory certainty to the cryptocurrency industry and cementing the United States’ leadership in the digital economy. 

    “We are delivering on President Trump’s call to make the United States the cryptocurrency capital of the world. This new digital arms race is not one we can allow our adversaries, such as China, to win. By providing regulatory certainty, promoting innovation, and fully embracing the digital economy, we will strengthen our nation’s crypto industry and unleash a period of growth and dominance,” said Rep. Carter. 

    Specifically, the bills advanced include: 

    –       The Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, creating the first federal standards for payment stablecoins. 

    –       The Digital Asset Market Clarity (CLARITY) Act, providing clear definitions for when digital assets are considered commodities or securities, potentially shifting oversight from the U.S. Securities and Exchange Commission (SEC) to the Commodity Futures Trading Commission (CFTC) for many tokens. 

    –       The Anti-CBDC Surveillance State Act, prohibiting the Federal Reserve from issuing a central bank digital currency, citing privacy concerns and potential government surveillance. 

    ###

    MIL OSI USA News

  • MIL-OSI USA: King, Colleagues Introduce Bill to Increase Access to Affordable Childcare in Maine

    US Senate News:

    Source: United States Senator for Maine Angus King
    WASHINGTON, D.C. — U.S. Senator Angus King (I-ME) is joining legislation to lower childcare costs and address the nationwide shortage of affordable childcare. The Child Care for Working Families Act is comprehensive legislation that would put a cap on childcare costs for working families, address childcare deserts by providing grants to open new facilities, support higher wages for childcare workers, provide comprehensive funding for Head Start to provide full-day, full-year programming, and expand access to pre-K programs.
    Included in the legislation is a provision that would enable the typical family in America to pay less than $15 a day for childcare—with many families paying nothing at all—and no eligible family paying more than 7% of their income on childcare.
    “Affordable and accessible childcare is one of the most pressing needs for working families in Maine and across the nation, and it presents a huge hurdle to mothers and fathers who want to enter the workforce,” said Senator King. “The Child Care for Working Families Act would provide ample resources for communities across the country to support childcare options that are open for the full day and don’t break the bank. When families have access to care, they can succeed as parents and professionals.”
    The average cost of childcare is now $13,128—a 29% increase since 2020 that outpaces inflation. In 49 states and the District of Columbia, the average annual costs of child care for two children exceeds median rent—and in 41 states and the District of Columbia, the cost of care for one infant exceeds in-state university tuition. The crisis costs the U.S. economy over $100 billion each year. An estimated 18,000 people in Maine are currently out of the labor force due to a lack of child care, while the child care crisis costs Maine nearly $403 million in annual costs.
    More specifically, the Child Care for Working Families Act will:
    Make childcare affordable for working families.
    The typical family earning the state median income will pay less than $15 a day for childcare.
    No working family will pay more than seven percent of their income on childcare.
    Families earning below 85% of state median income will pay nothing at all for childcare.
    If a state does not choose to receive funding under this program, the Secretary can provide funds to localities, such as cities, counties, local governments, districts, or Head Start agencies.
    Improve the quality and supply of childcare for all children and expand families’ childcare options by:
    Addressing childcare deserts by providing grants to help open new childcare providers in underserved communities.
    Providing grants to cover start-up and licensing costs to help establish new providers.
    Increasing childcare options for children who receive care during non-traditional hours.
    Supporting childcare for children who are dual-language learners, children who are experiencing homelessness, and children in foster care.
    Support higher wages for childcare workers.
    Childcare workers would be paid a living wage and achieve parity with elementary school teachers who have similar credentials and experience.
    Childcare subsidies would cover the cost of providing high-quality care.
    Dramatically expand access to high-quality pre-K.
    States would receive funding to establish and expand a mixed-delivery system of high-quality preschool programs for 3- and 4-year-olds.
    States must prioritize establishing and expanding universal local preschool programs within and across high-need communities.
    If a state does not choose to receive funding under this program, the Secretary can provide funds to localities, such as cities, counties, local governments, districts, or Head Start agencies.
    Better support Head Start programs by providing the funding necessary to offer full-day, full-year programming and increasing wages for Head Start workers.
    In addition to King, the bill is cosponsored by Senators Patty Murray (D-WA), Tim Kaine (D-VA), Mazie Hirono (D-HI), Andy Kim (D-NJ), Chuck Schumer (D-NY), Angela Alsobrooks (D-MD), Tammy Baldwin (D-WI), Michael Bennet (D-CO), Richard Blumenthal (D-CT), Lisa Blunt Rochester (D-MN), Corey Booker (D-NJ), Maria Cantwell (D-WA), Chris Coons (D-DE), Catherine Cortez-Masto (D-NV), Tammy Duckworth (D-WI), Dick Durbin (D-IL), John Fetterman (D-PA), Ruben Gallego (D-AZ), Kirsten Gillibrand (D-NY), Maggie Hassan (D-NH), Martin Heinrich (D-NM), John Hickenlooper (D-CO), Mark Kelly (D-AZ), Amy Klobuchar (D-MN), Ben Ray Lujan (D-NM), Ed Markey (D-MA), Jeff Merkley (D-OR), Chris Murphy (D-CT), Alex Padilla (D-CA), Gary Peters (D-MI), Jack Reed (D-RI), Jacky Rosen (D-NV), Bernie Sanders (I-VT), Brian Schatz (D-HI), Adam Schiff (D-CA), Jeanne Shaheen (D-NH), Elissa Slotkin (D-MI), Tina Smith (D-MN), Chris Van Hollen (D-MD), Raphael Warnock (D-GA), Peter Welch (D-VT), Sheldon Whitehouse (D-RI), and Ron Wyden (D-OR).
    Senator King has long worked to expand access to childcare. He secured millions to improve child care services in the 2022 and 2023 omnibus appropriations bills, and worked to authorize the planning and development of a new child development center at Portsmouth Naval Shipyard. He is also the cosponsor of the Child and Dependent Care Tax Credit Enhancement Act, which would permanently expand the Child and Dependent Care Tax Credit that helps households offset their childcare costs. Most recently, he joined bipartisan legislation to lower childcare costs and address the nationwide shortage of affordable childcare. The Child Care Workforce and Facilities Act would provide competitive grants for states to train childcare workers and build or renovate childcare facilities.

    MIL OSI USA News